1st Century Bancshares
FCTY
FCTY was delisted on the 30th of June, 2016.
32 hedge funds and large institutions have $25M invested in 1st Century Bancshares in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
47% more capital invested
Capital invested by funds: $16.9M → $25M (+$8.04M)
14% more funds holding
Funds holding: 28 → 32 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$7.66M |
| 2 |
BCM
BHZ Capital Management
San Jose,
California
|
+$2.04M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$1.16M |
| 4 |
KAM
Kassirer Asset Management
Toronto,
Ontario, Canada
|
+$896K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$781K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$6.9M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$2.94M |
| 3 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$2.31M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$188K |
| 5 |
PCA
PL Capital Advisors
Naples,
Florida
|
-$104K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $43K | +$8.78K | +1,000 | +34% |
|
27
Morgan Stanley
New York
| $27K | – | – | – |
|
|
BFA
28
BlackRock Fund Advisors
San Francisco,
California
| $15K | +$2.71K | +308 | +29% |
|
|
BIM
29
BlackRock Investment Management
Wilmington,
Delaware
| $14K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $10K | +$7.57K | +862 | +4,537% |
|
31
Geode Capital Management
Boston,
Massachusetts
| $488 | +$391K | +44,529 | New |
|
|
MCM
32
Maltese Capital Management
New York
| – | -$6.9M | -1,000,100 | Closed |
|
|
EPCA
33
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
| – | -$2.31M | -334,833 | Closed |
|
|
PCA
34
PL Capital Advisors
Naples,
Florida
| – | -$104K | -15,000 | Closed |
|
|
IA
35
IFP Advisors
Tampa,
Florida
| – | -$69K | -10,000 | Closed |
|
36
Bank of America
Charlotte,
North Carolina
| – | -$15K | -2,200 | Closed |
|
37
Citigroup
New York
| – | +$35 | +4 | New |
|
FCTY Hedge Fund Activity: Q1 2016 in Review
32 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in 1st Century Bancshares (FCTY) for Q1 2016, worth a combined $25M — up 47% from $16.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FCTY positions and 5 closed out — a net gain of 4 holders — while 6 added to existing stakes and 3 trimmed.
The largest buyer was Gardner Lewis Asset Management, opening a new position worth an estimated $7.66M. The largest seller was Maltese Capital Management, exiting entirely with an estimated $6.9M sold.
- 32 institutional investors held 1st Century Bancshares (FCTY) as of Q1 2016, up from 28 in Q4 2015.
- Funds reported $25M of 1st Century Bancshares stock for Q1 2016, up 47% quarter-over-quarter.
- 9 funds opened new 1st Century Bancshares positions in Q1 2016 and 5 closed out, a net change of +4 holders.
- The largest 1st Century Bancshares buyer in Q1 2016 was Gardner Lewis Asset Management, an estimated $7.66M added.
- The largest 1st Century Bancshares seller in Q1 2016 was Maltese Capital Management, an estimated $6.9M sold.
Based on aggregated 13F filings for Q1 2016.